Shell’s Victory move highlights ‘clear tax incentive’ from EPL investment allowance
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.
Greater Laggan Area
Victory for Shell as new West of Shetland gas field approved
Shell's Victory field has an estimated recoverable resource of 179 billion cubic feet of gas, equivalent to 7% of the UK’s annual natural gas consumption
UK’s ‘adverse changes’ in fiscal environment prompt West of Shetland shake up
Kistos says that ‘adverse changes’ in the fiscal environment within the UK means that TotalEnergies' Edradour West, rather than Glendronach, is expected to go ahead next in the Greater Laggan Area (GLA).
TotalEnergies said to seek sale of Greater Laggan Area
A sale of the assets by TotalEnergies would continue a trend of oil majors and private equity firms leaving the ageing UK sector.
Output at TotalEnergies’ Edradour suspended amid production issues
Production has been suspended at the TotalEnergies-operated Edradour field west of Shetland, amid reports that increased water output is causing issues.
Corallian reaches key milestone on road to Victory
Corallian Energy has submitted an environmental statement for its proposed development of the Victory field, a subsea tieback due to come online in 2024.
Kistos enters UK North Sea with acquisition of stake in West of Shetland assets
Kistos Energy, former RockRose Energy CEO Andrew Austin’s latest venture, has completed the acquisition of a stake in a package of West of Shetland assets.
TotalEnergies sells partial West of Shetland stake to Kistos in £123 million deal
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million).
TotalEnergies to put two contracts for Glendronach out to tender next month
TotalEnergies (LON: TTE) is putting the final touches on two lucrative contracts for its Glendronach gas discovery.
TotalEnergies tackling ‘issues’ at Glendronach as it aims for ‘low cost, low emissions’ gas project
TotalEnergies (LON: TTE) (NYSE: TTE) has pledged to develop its Glendronach gas discovery in a ‘low cost, low emissions way’, in line with its new strategy.
Viaro Energy completes acquisition of North Sea assets from SSE
Viaro subsidiary RockRose Energy has completed its acquisition of interests in several producing assets in the UK North Sea from energy company SSE.
SSE strikes deal to sell gas portfolio to Viaro, which offloads Brae area for 75p
Energy firm SSE has clinched a deal to sell its gas exploration and production assets to Viaro Energy for £120 million.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Reabold eyes big payoff west of Shetland via position in Corallian
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
Investment decision delayed on west of Shetland gas project, Ineos says
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
The other side of Lerwick’s story
Lerwick harbour continues to add to its reputation as a leading support hub for the oil and gas industry in northern waters through its contribution to the offshore sector’s operations west of Shetland.
SSE should have Greater Laggan sale wrapped up by March
Energy giant SSE should have the sale of its Greater Laggan Area gas assets wrapped up by March 2020, according to the company’s chief executive.
SSE ‘taking active steps’ to sell off North Sea gas business
SSE has announced it is “taking active steps” to sell off its North Sea gas production business as it focusses on renewable energy sources.